Parmida LED Technologies Locates Distribution & Operations in Indianola, Mississippi
07/11/2019
Parmida was recognized in 2017 as one of the fastest growing companies in the Amazon ecosystem. Its new e-commerce and distribution operations will serve the East Coast and Central U.S. markets.
“Traveling through the Mississippi Delta and spending time here has proven an eye-opening experience for us. There seems to exist two Mississippis in the United States, the one I was told about and the one I’ve had the opportunity to become acquainted with – a land steeped in history and rich in passionate, intelligent and dependable people, many of whom I now consider great friends,” said Parmida LED Technologies Vice President Peyman Mahrou. “We are grateful to Delta Strong who spent much of the last year introducing us to and guiding us through the multitude of business opportunities that exist here in region. The city of Indianola, Sunflower County, the Mississippi Development Authority and Governor Bryant have shown great commitment to supporting businesses that choose Mississippi. We will repay them for their efforts by focusing on growth and building opportunities in the Delta whilst engaging with, and giving back to, the community. We’re proud to call the Mississippi Delta home.”
Mississippi Development Authority is providing assistance for the renovation of publicly owned infrastructure and for building improvements. Parmida is receiving an exemption from state income and franchise taxes related to the new location and sales and use tax exemptions on equipment and machinery purchased during initial construction or expansion at the facility.
“Parmida’s decision is further evidence that we are a strong state for companies with distribution and e-commerce needs,” Governor Phil Bryant said. “Mississippi’s skilled and dedicated workforce makes our state an elite destination to do business, and I wish the company many years of success in the Mississippi Delta.”
“Parmida’s new location in Indianola coupled with the region’s dedicated workforce will serve the company well in Mississippi for many years,” said MDA Executive Director Glenn McCullough, Jr. “We salute the effective teamwork of the Sunflower County Economic Development District, the Sunflower County Board of Supervisors and Delta Strong, which, along with MDA, was instrumental in bringing Parmida and 20 new career opportunities to the Mississippi Delta.”
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024